PRVH 20% plus in USA!!!

 

Providential Holdings FilesYear-End Report and Issues Corporate Update

Business Editors

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Nov. 26,2004--Providential Holdings, Inc. (OTC BB:PRVHE.OB) (Berlin StockExchange and Frankfurt Stock Exchange:PR7 - WKN 935160)(www.phiglobal.com) today commented on financial results for theFiscal Year ended June 30, 2004 and issued an update on the Company´soperating plan.
Total revenues for the year ended June 30, 2004 increased 540% to$9.27 million, compared to $1.44 million for the previous year. Grossprofits for the year ended June 30, 2004 increased 298% to $5.55million, compared to $1.39 million for the year ended June 30, 2003.Gross margin was 59.84% for the latest year, down from 96.09% from thesame period in 2003, primarily because over 95% of the revenues fromthe previous year were derived from M&A advisory services which didnot entail any cost of goods sold.
For the year ended June 30, 2004, net loss was $3.85 million, or$0.05 per basic and diluted share. This compares to net loss of $1.05million, or $0.03 per basic and diluted share, for the same period in2003. The loss this year was primarily due to one-time non-cashwrite-offs of $3.02 million resulting from impairments of goodwill inconnection with the acquisitions of two new subsidiaries. Without thenon-cash write-offs, net loss would have been $0.83 million, or $0.01per basic and diluted share.
In spite of the substantial increase in revenues for the latestfiscal year, this was far below the Company´s estimated revenue andprofitability targets, mainly due to the shortfalls from our consumerelectronics divisions, the belated launching of our telecommunicationsservices, and the inadequate contributions from a few other businessunits. The Company was also hoping to reach a timely resolution inorder to include Tangshan Yutian Saw Corporation´s operating resultsin our year-end consolidated financial statements. However, we weredisappointed at the recent termination of the purchase agreement withTangshan, which could have added tremendous value to our Company. Thetermination was necessitated by the delays both in Tangshan´s abilityto provide financial audits according to the US GAAP to comply withSEC requirements and the Company´s ability to remit earnest monies inconnection with this purchase and a separate joint venture agreement.
The complex circumstances relating to the Tangshan transaction andother acquisitions have caused egregious delays in the filings of ouryear-end and September 30, 2004 quarter reports. Our Chairman and CEOwishes to convey his sincere apologies to all our shareholders andinvestors for these delays and wants to make sure future reports willbe filed in a timely manner. For the quarter ended September 30, 2004,the Company has until December 16, 2004 to file Form 10QSB and willsubmit the filing before this deadline.
Looking forward, we have many promising things to report.
We have taken steps to increase our M&A advisory services in theUS, China, Korea, and Vietnam and expect to see more results fromthese efforts in the coming quarters. We have also worked closely withthe International Center for Training and Consulting under theMinistry of Trade, Vietnam, to provide consulting and M&A advisoryservices to potential Vietnamese companies.
We will continue to work with Tulon Pacific, LLC. to conclude ouracquisition plan and grow the cutting tool business as an importantcomponent of our portfolio. We have been in negotiations with BayviewFinancial and GE Capital to acquire certain assets to set upmanufacturing facilities in China or Vietnam.
We will continue to spin off a number of our portfolio companies,including ClearPass Systems, American University, and Providential Oil& Gas, to create value for our shareholders by using these spun-offunits to acquire profitable operating companies that may beimmediately accretive to the Company´s overall valuation. We willannounce the effective dates of these spin-offs in the near future. Weare also sorry for the delays in the distribution of share dividendsfrom Irvine College, Provimex, and Touchlink Communications and willmake sure our shareholders of record receive these dividend sharesbefore the end of December.
We have worked closely with a US-based steel operation partner andcontinued our negotiations with Hefei Iron & Steel Group Company,Ltd., (" HISG" ) Hefei, Anhui Province, China. Because this is a complexproject that requires resources and skills, we believe the rewardswill also be commensurate if and when it is completed.
We have recently set up a new joint venture, namely Provimex-HTVJoint Venture Company, with a Vietnam-based company to provide heatingand cooking gas and related gas supply equipment to high risebuildings and premium housings in Vietnam. Providential owns 80% ofthis joint venture and expects to greatly benefit from the on-goingconstruction boom in Vietnam. Operations are scheduled to start inearly 2005.
We have entered into a Memorandum of Intent Agreement with SmartTechnologies & Investments, Ltd., a Hong Kong-based company withsubsidiary factories located in mainland China, to acquire asubstantial interest in Smart Battery International, Ltd. (" SBI" ). SBIhas received 27x 40-foot container loads of advanced lead acid batterymanufacturing equipment, which has a replacement value of overUS$4,000,000 from the US, as part of the technology transfer processbrought about by its US-based partner. The highly automated equipmentenables complete control of the battery making process from start tofinish. This gives SBI an advantage over many of its local Chinesecompetitors who apply manual techniques, which can not guaranteequality specification consistently on some key battery makingprocesses. We plan to start investing into SBI in early 2005 and takeSBI public at an appropriate time in the future. We also plan todistribute a portion of SBI as dividends to our shareholders prior tothe spin-off.
We have increased our cooperation efforts with CDI, Co., aVietnam-based company with offices in Tam Ky, Quang Nam Province, toprovide consulting and M&A advisory services to emerging Vietnamesecompanies in this area and to co-develop some key sectors of the ChuLai Open Economic Zone. We believe this is a long-term initiative thatwill create significant value for both parties.
On the financial front, we have reached mutually agreeable termswith several major funding partners. We believe these relationshipswill provide the financial backup to execute our plan for the rest ofFY 2005 and beyond. Details regarding these financing arrangementswill be announced in the near future.
It is also noteworthy that our Chairman and CEO, fully confidentin the future of the Company, has indicated interest in convertingabout $300,000 of his loan balance to the Company into PRVH restrictedshares which will be held for a minimum of two years.

About Providential:

Providential Holdings (www.phiglobal.com) and its subsidiariesengage in a number of diverse business activities, the most importantof which are M&A advisory services and cutting tools. The Companyacquires and consolidates special opportunities in selectivehigh-growth industries to create additional value, acts as anincubator for emerging companies and technologies, and providesfinancial consultancy and M&A advisory services to U.S. and foreigncompanies.

Safe Harbor

Except for historical information contained herein, the statementsin this news release are forward-looking statements that are madepursuant to the safe harbor provisions of the Private SecuritiesReform Act of 1995. Forward-looking statements involve known andunknown risks and uncertainties, which may cause a company´s actualresults in the future to differ materially from forecasted results.These risks and uncertainties include, among other things, thecompany´s ability to attract qualified management, raise sufficientcapital, and effectively compete against similar companies.
These and other risks are identified in the company´s SEC filingsand should be considered in evaluating the forward-looking statementsmade herein.

--30--RM/ph* CONTACT: Providential Holdings Timothy Pham, 714-843-5456 www.phiglobal.com KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: BANKING MARKETING AGREEMENTS EARNINGS SOURCE: Providential Holdings, Inc.Copyright Business Wire 2004

(c) 2004 Business Wire. All reproduction, other than for an individual user's reference, is prohibited without prior written permission.




 

wer in diesem Jahr einen Teil meiner Weihnachtsgeschenke bezahlt :-)  

was meinste, ist ein Kursziel von 0,30 EUR (0,40 $) realistisch ? In Anbetracht dessen, dass hier erstmals Gewinne eingefahren werden sind das gute Ansätze, keiner hat mit "guten" Zahlen gerechnet! Jetzt fehlt nur noch eine Bestätigung zum China-Deal.  

durchaus realistisch. Vor allem, wenn die Dezemberzahlen den positiven

Eindruck verstärken werden.

Ich bleibe drin !    

schwachsinn!  

Aber das kann man auch freundlicher mitteilen.

Was mich etwas verwirrt, sind die Angaben zu den Verlusten pro Aktie. Im Frühjah waren es noch ca. 90 Mio. Da sind doch im Zuge der Aquisitionen bestimmt eher welche dazugekommen. Die Angaben hier passen nicht dazu.

Jedenfalls ist die aktuelle MK auf Basis von 90 Mio. Aktien gemessen an den jetzt veröffentlichen Zahlen für Amiland nicht sehr hoch. WEnn da jetzt etwas Phantasie reinkommt, sollten kurzfristig Kurse um 20-30 Eurocent drin sein.
Dann gehe ich raus - mindestens mit dem größten Teil. Wäre mehr, als ich erwartet habe. Aber die Zahlen sind in der Tat besser, als ich das gedacht hätte. Aber irgendwann müssen sich die Firmenkäufe ja auch mal auszahlen...

Gruß BarCode  

 

Dachte immer, wer lesen kann sei klar im Vorteil ;-)
Wie kann ein Wert bei solch einem schlechten Bericht steigen?
Oder waren die Erwartungen noch schlechter, was ja kaum möglich ist. Ich kapier's nicht.
Behalte das Teil trotzdem, weil ein Verlust erst dann einer ist, wenn er realisiert wurde... *ggg*  

für mich ist er besser als erwartet ausgefallen.

Umsatzsteigerung/Verlustreduzierung sorgen bei mir für Sicherheit

und Phantasie in der Zukunft.

Wir sind unten und gehen nach oben !
 

wer in solche papiere geht, sollte wissen, dass es sich um einen zock handelt und nicht, wie manche hier, so tun, als wäre prvh ein daxwert und hätte eine zukunft. es scheint, hier reden sich einige selbst was schön ... prvh, neom, fnix ... all diese "unternehmen" werden nie gewinn machen. wer trotzdem damit geld verdienen will, muss halt am richtigen tag kaufen und an einem anderen richtigen tag verkaufen.  

"wer trotzdem damit geld verdienen will, muss halt am richtigen tag kaufen und an einem anderen richtigen tag verkaufen"

Hm. Könnte es sein, dass das sogar für Dax-Werte gelten könnte?

Gruß BarCode  

seltsam ist das seit 09:00(ami) schon 5 mal  lächerliche 800 Stück für 0,010$ gehandelt werden.  

 

 

 

schon besser. Und um es freundlicher zu sagen, wir wissen was wir tun.

Zukunft ist das, was wir daraus machen!    

zukunft ist das, was ihr versäumt habt, zu tun.  

weil wir es hier und heute und morgen auch wieder tun.

So, jetzt gehe ich auf die Toilette und hebe meinen

Schottenrock und tue es :-))))))))

Und Punkt.  

allen schönes Wochenende!  

Umsatz hinter den eigenen Erwartungen. Deal mit den Chinesischen Sägefritzen (Tysc) geplatzt. Letzter Quartalsumsatz minimal. Wenn da nicht bald gute News kommen, wird der Kurs so dahinstolpern. Solange wollte ich mein Geld da gar nicht festnageln. Das "e" wird auch noch bleiben, bis die Quartalszahlen kommen.

Mal sehen. Aber ich glaube, das nächste kleine up nutze ich zum rausgehen. Vielleicht später mal wieder.

Gruß BarCode  

Press Release Source: Providential Holdings, Inc.


Providential Holdings Chairman and CEO Acquires 3,350,000 Shares of the Company's Common Stock
Thursday December 2, 5:30 am ET


HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Dec. 2, 2004--Providential Holdings, Inc. (OTCBB:PRVHE - News; Berlin Stock Exchange and Frankfurt Stock Exchange:PR7, WKN 935160) (www.phiglobal.com), a diversified holding company which currently focuses on mergers and acquisitions services, cutting tool business, and international markets, announced today that its Chairman and CEO Henry Fahman has acquired 3,350,000 restricted shares of common stock of Providential Holdings, Inc. at an average price of $0.0896 per share, in exchange for $300,000 of his loans to the Company. These shares are subject to a two-year holding period before being eligible for resale.
" Based on business fundamentals, Providential Holdings is a stronger company today than it was a year ago," said Mr. Fahman. " We have increased our revenues, strengthened our balance sheet and paid down debts. We have had success in orchestrating a number of mergers for various companies and have healthy deal flows in the pipeline. In spite of the recent disappointment with the saw blade company transaction, we have engaged with several excellent domestic and overseas business partners, such as Tulon Pacific, Smart Technologies and Investments, HTV, CDI, Co., to name a few, which will undoubtedly bring substantial mutual benefits as we continue to execute our strategy. Moreover, we have also reached favorable terms with several funding partners who will be able to provide the financial backup for us to achieve our business objectives. I acquired more shares because I believe that Providential Holdings is undervalued in today's marketplace and presents a significant upside opportunity."

About Providential:

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services and cutting tools. The Company acquires and consolidates special opportunities in selective high-growth industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies.

Safe Harbor

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

These and other risks are identified in the company's SEC filings and should be considered in evaluating the forward-looking statements made herein.



--------------------------------------------------
Contact:
Providential Holdings
Timothy Pham, 714-843-5456
www.phiglobal.com




 

 

Das war schon bekannt. Stand schon in früheren Meldungen, nur halt nicht für sich alleine. Soll wohl ein bisschen Aufmerksamkeit generieren. Aber damit lockt man wohl nicht viele. Vielleicht geht es damit wenigstens nicht weiter abwärts. Es braucht jetzt schon was Substanzielles, um da wieder etwas Schwung reinzubringen.

Gruß BarCode  

Providential Holdings Launches Vietnam-Based Joint Venture Subsidiary Provimex-HTV
HO CHI MINH CITY, VIETNAM - MARKET WIRE - 12/06/04
Providential Holdings, Inc. (OTC BB: PRVHE) (Berlin Stock Exchange and Frankfurt Stock Exchange: PR7 - WKN 935160) (www.phiglobal.com), a diversified holding company which currently focuses on mergers and acquisitions services, cutting tool businesses, and international markets, announced today that its majority-owned joint venture Provimex-HTV (www.provimex-htv.com) is holding a special event to inaugurate the launching of this subsidiary at 10:00 AM, December 7, 2004 at the Marriott Renaissance Riverside Hotel, 8-15 Ton Duc Thang Street, District 1, Ho Chi Minh City, Vietnam.

Attendance at this grand opening will include distinguished representatives from the local governments such as the People's Committee of Ho Chi Minh City and Phu Nhuan District; leaders from various companies and industries such as Intresco, Vinaconex, Cholimex; key suppliers and customers such as REE, Vietnam Land SSG, Hoang Le Construction Co.; and members of the media.

Provimex-HTV specializes in providing centralized gas systems that are safe, convenient, and cost-effective to residential and commercial buildings.

Van Thanh Dinh, President and Chief Executive Officer of the joint venture, commented: "Since 1999, HTV has been the leader in importing and installing automatic gas extraction systems serving factories in both Southern and Northern Vietnam. We were the very first company in Vietnam to import and install gas alternatives to previous antiquated methods."

In 2003, HTV signed a contract with UDIC, Ministry of Construction, to institutes a centralized gas system for luxury apartment homes at 27 Huynh Thuc Khang, Hanoi. This apartment was built as a pilot project that later received an outstanding commendation from the building inspection agencies and the Fire Department of the Ministry of Public Security in Hanoi.

In 2004, HTV signed a contract with INTRESCO, a subsidiary of General Corporation of Construction, for the first residential building in Ho Chi Minh City to be equipped with the product. HTV is also anticipating the commencement of work on the Saigon Pearl building project with 2,000 apartment units as well as other new sites in Can Tho and Rach Gia in the Mekong Delta as well as other regions of Vietnam in 2005.

Vietnam economic indicators show that building construction will continue a rapid pace of growth in the foreseeable future. The Company believes that the continuance of this proliferation will greatly benefit Provimex-HTV business.

About Providential:

Providential Holdings and its subsidiaries engage in a number of diverse business activities, the most important of which are M&A advisory services, cutting tools, and investment opportunities in international markets. The Company acquires and consolidates special avenues in selective high-growth industries to create additional value, acts as an incubator for emerging companies and technologies, and provides financial consultancy and M&A advisory services to U.S. and foreign companies.

Safe Harbor:

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

These and other risks are identified in the company's SEC filings and should be considered in evaluating the forward-looking statements made herein.